From cash to accruals in Portuguese local government accounting: what has truly changed Susana Jorge Hot

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Uploaded by Susana Jorge     Uploaded date: August 20, 2014    
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Publication date
November 07, 2008
Paper language
Abstract
As many countries, Portugal has been reforming governmental accounting since the beginning of the 1990s. The system in force results from the first law-based governmental accounting general plan passed in 1997, which was adapted to Local Government in 1999. Using double-entry, the Portuguese Local Government accounting framework currently combines cash-based budgetary accounting with accrual-based financial and cost accountings, providing information for both accountability and decision-making.
While recognising considerable innovations, this paper presents some difficulties implementing the reforms, whereas highlighting some limitations still remaining in the Portuguese new local governmental accounting system.
It also discusses why, together with other reasons, those shortcomings make budgetary cash-based information still to be given more importance, namely by internal users.
Preferred Citation
JORGE, Susana; CARVALHO, João; FERNANDES, M. José (2008); From cash to accruals in Portuguese local government accounting: what has truly changed; Tékhne – Revista de Estudos Politécnicos (Polytechnical Studies Review); Vol. VI, nº10; pp.239-261.
Keywords
local government accounting; cash basis; accrual basis; content analysis.
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Category
Financial accounting
Type of Paper
Published paper

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